Russell Investments Group Ltd. Reduces Inventory Place in Sally Magnificence Holdings, Inc. (NYSE:SBH)
Russell Investments Group Ltd. trimmed its holdings in Sally Beauty Holdings, Inc. (NYSE:SBH – Free Report) by 45.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 31,061 shares of the specialty retailer’s stock after selling 25,700 shares during the period. Russell Investments Group Ltd.’s holdings in Sally Beauty were worth $412,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in the business. New York State Common Retirement Fund grew its position in Sally Beauty by 26.3% in the fourth quarter. New York State Common Retirement Fund now owns 565,444 shares of the specialty retailer’s stock worth $7,509,000 after acquiring an additional 117,921 shares during the period. Hussman Strategic Advisors Inc. grew its position in Sally Beauty by 12.3% in the fourth quarter. Hussman Strategic Advisors Inc. now owns 210,000 shares of the specialty retailer’s stock worth $2,789,000 after acquiring an additional 23,000 shares during the period. CWM LLC grew its position in Sally Beauty by 107.9% in the fourth quarter. CWM LLC now owns 2,700 shares of the specialty retailer’s stock worth $36,000 after acquiring an additional 1,401 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Sally Beauty by 37.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,859 shares of the specialty retailer’s stock worth $317,000 after acquiring an additional 6,444 shares during the period. Finally, DGS Capital Management LLC grew its position in Sally Beauty by 170.9% in the fourth quarter. DGS Capital Management LLC now owns 41,933 shares of the specialty retailer’s stock worth $557,000 after acquiring an additional 26,454 shares during the period.
Sally Beauty Stock Up 0.3 %
Shares of NYSE SBH opened at $10.76 on Wednesday. The stock has a market cap of $1.11 billion, a P/E ratio of 7.32 and a beta of 1.49. The company has a current ratio of 1.99, a quick ratio of 0.37 and a debt-to-equity ratio of 1.78. Sally Beauty Holdings, Inc. has a 12-month low of $7.21 and a 12-month high of $13.91. The business’s fifty day simple moving average is $11.21 and its 200-day simple moving average is $11.62.
Sally Beauty (NYSE:SBH – Get Free Report) last announced its quarterly earnings data on Thursday, May 9th. The specialty retailer reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.04). The company had revenue of $908.36 million during the quarter, compared to analyst estimates of $910.72 million. Sally Beauty had a net margin of 4.36% and a return on equity of 34.23%. The firm’s revenue was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.41 earnings per share. As a group, equities analysts predict that Sally Beauty Holdings, Inc. will post 1.69 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms have recently commented on SBH. TD Cowen lowered their price target on Sally Beauty from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Wednesday, April 17th. DA Davidson raised their price target on Sally Beauty from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 7th. Finally, Piper Sandler lowered their price target on Sally Beauty from $17.00 to $16.00 and set an “overweight” rating for the company in a research report on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $12.00.
Read Our Latest Stock Analysis on SBH
Sally Beauty Profile
Sally Beauty Holdings, Inc operates as a specialty retailer and distributor of professional beauty supplies. The company operates through two segments, Sally Beauty Supply and Beauty Systems Group. The Sally Beauty Supply segment offers beauty products, including hair color and care products, skin and nail care products, styling tools, and other beauty products for retail customers, salons, and salon professionals.
Read More
Want to see what other hedge funds are holding SBH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sally Beauty Holdings, Inc. (NYSE:SBH – Free Report).
Receive News & Ratings for Sally Beauty Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Sally Beauty and related companies with MarketBeat.com’s FREE daily email newsletter.
